- Language: English
- Published: February 2013
- Region: Maryland
Summary: Maryland; General Obligation Feb 08
- ID: 1887009
- February 2008
- Region: Maryland
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Maryland's series 2008 state and local facilities loan GO bonds. The 'AAA' rating reflects the state's: Diverse, broad-based economy, which has historically outperformed the national economy and is projected to continue to grow over the near term, albeit at a reduced rate; High wealth and income levels, coupled with unemployment that remains below the national average through economic cycles; Historically strong financial management and performance, with strong liquidity and financial operations; and Moderate debt burden, enhanced by a clearly defined debt-affordability model limiting annual issuance and maintaining ratios within reasonable limits, including a constitutional 15-year debt maturity schedule. Maryland's economic base is substantial and diverse, benefiting from...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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